Core Insights - LTC Properties, Inc. reported its operating results for Q3 2025, highlighting significant growth in its portfolio and investment activities [1] Group 1: Operating Highlights - The company closed approximately 85% of its projected $460 million pipeline as of November 4, 2025 [1] - More than $290 million of the closed pipeline was added to the Seniors Housing Operating Portfolio (SHOP) [1] - The SHOP portfolio grew to nearly $45 billion as of September 30, 2025 [1]

Core Points - LTC Properties Inc. will release its third quarter earnings on November 4, 2025, after market close [1] - A conference call to discuss the performance and operating results for the quarter ended September 30, 2025, is scheduled for November 5, 2025, at 8:00 a.m. Pacific / 11:00 a.m. Eastern [1] Company Overview - LTC Properties is a real estate investment trust (REIT) focused on seniors housing and health care properties, with nearly 200 properties across the United States [3] - Approximately 61% of the company's assets are seniors housing communities, while the remainder consists of skilled nursing centers [3] Financial Information - LTC Properties has declared a monthly cash dividend of $0.19 per common share for the fourth quarter of 2025, with specific distribution dates outlined [8][10] - The company recently announced the sale of two skilled nursing centers in Florida for $42 million, expecting a gain of approximately $26 million [7] - LTC Properties also announced a $195 million acquisition of five senior housing communities in Wisconsin, totaling 520 units [11]

Core Viewpoint - LTC Properties, Inc. is strategically divesting non-core, older skilled nursing centers to optimize its portfolio for growth and support long-term external SHOP growth objectives [3][6]. Group 1: Transactions and Financials - The company announced the sale of two skilled nursing centers in Florida, totaling 240 licensed beds, for proceeds of $42 million, with an expected gain on sale of approximately $26 million [6]. - LTC expects to receive $120 million from the sale of seven skilled nursing centers, with 35% of this amount completed with the recent announcement, and the remaining $78 million expected to close in the next 30 days [6]. Group 2: Strategic Focus and Portfolio Composition - The proceeds from the sales will be redeployed for acquiring newer, stabilized SHOP assets, aligning with the company's strategic focus on external growth and portfolio diversification [6]. - Upon completion of the expected sales in 2025, LTC's seniors housing portfolio will increase to approximately 62% of its gross real estate investments, with SHOP representing approximately 19% [6]. Group 3: Management Commentary - Clint Malin, Co-CEO, emphasized the successful execution of capital recycling to unlock value through asset sales [3]. - Pam Kessler, Co-CEO, highlighted the company's commitment to balance sheet strength, strategic SHOP growth, and long-term shareholder value [3].